Asia closes mixed as yields ease, oil softens and Europe opens cautious
S&P futures are down 0.1254% and Nasdaq futures are down 0.0974%. The S&P 500 ETF is up 0.7355%, the Nasdaq 100 ETF is up 0.9676%, the US 10-year yield is at 5.28, WTI crude is at 90.03 and dollar-yen is at 157.665.
Nasdaq 100 ETF +0.9676%risk appetite held despite softer futures
S&P 500 ETF +0.7355%equities firmed as oil eased and yields backed off
US 10-year yield +0.7638%rates stayed elevated near 5.28
WTI crude -1.1854%supply and geopolitical headlines kept crude softer
Lead: Asia closed mixed, with cash equities firmer but futures still softer and Europe opening cautious. S&P futures are down 0.1254% and Nasdaq futures are down 0.0974%.
Session narrative: The S&P 500 ETF is up 0.7355%, the Nasdaq 100 ETF is up 0.9676%, and the US 10-year yield is at 5.28. WTI crude is at 90.03, Brent is at 101.51, and dollar-yen is at 157.665.
Cross-asset check: The dollar index is at 102.34, the euro is at 1.1182, gold is at 4182, and silver is at 61.72.
Themes & continuing stories: Rates stay high, energy is softer, and the euro is at a 17-month low. Middle East shipping risk and Ukraine-related headlines remain in focus.
What’s ahead: Later this week brings FOMC minutes, Japan data and policy signals, and US inflation and payrolls.